GOLD XAUUSD has confirmed a multi-year breakout on weekly timeframe. It has been in consolidation mode since 2020 and last weekly candle is the first candle that closed above the big resistance as can be seen on charts. MA's also are aligned; this definitely looks like its going up 20% in coming months.
World gold price stood at 2,032 USD/ounce, equivalent to the price at the same time yesterday morning. Gold prices increased slightly and then decreased when the market received mixed economic information. Specifically, negative information comes from the Conference Board survey results published on February 27 showing that the US consumer confidence index...
Daily & Weekly Flag Pattern Breakout. Expecting price to continue to pullback to 4h fib level 38.2 and continue bullish. Most of the news comes mid to end of the week. Expecting news to continue the trend and possibly fill the weekly wick at TP 5.
Never have i ever though id trade Gold so here we are! After analyzing the previous week for Gold, Gold was still in a strong bullish market. With this information, heading into the first day of the week, would be the beginning of a good one! Gold formed a new higher high indicating a continuation of a strong bullish market, then later retracing to form a...
Many traders believe that investing in a wide variety of assets is the best way to achieve optimal diversification. However, we disagree with this notion. It's the correlations that matter. Holding 20 tech stocks, for example, results in a high correlation among investments, offering little in terms of true diversification. Therefore, we're also looking at a gold...
I think gold has a record-breaking goal of $2,200 and even $2,400!!! Even the goal of 3000 dollars is within a year and a half !! Currently, the gold price is 2,085 dollars and it is in a wave that, due to technical, fundamental and political reasons, it can once again break the historical record of the gold price, which is currently 2,145, and touch the target...
Gold / XAUUSD has had the strongest 1D green candle today since December 13 2023 and is approaching the top of the 3 month Channel Up. That is a sell opportunity especially with the 1D RSI entering the overbought region. That has formed the Highs of October 27th and December 1st 2023, which declined by -4.03% and -4.93% respectively. The maximum decline inside...
HELLO TRADERS As we can see GOLD has tested 1985 zone and now again trading above 2022 zone today FOMC meeting Show FED is not in hurry to cut the rate they are Staying on the same rates which will not the Dollar more so investors always choose safe haven in these type of conditions geopolitical issues we aim for retest 2088 a strong resistance lets see what...
SHORT position can be taken in the specified ZONE (This ZONE has already been and is still valid. Previous analysis has been pinned) There is no position before the ZONE
FX:XAUUSD is breaking through strong resistance and testing the 2050 area, favorably influenced by the fundamental background from Thursday. The market is trying to move into a bullish phase, but globally the price is held back by a huge sideways flat. Idea from 29.02: GOLD → Consolidation is narrowing. The calm before the storm On H4 we see the price...
Gold continues its struggle to find significant momentum in Wednesday's trading session, remaining confined within a multi-day trading range. Despite reaching the 2024.70 level, the presence of the 200 moving average and the 61.8% Fibonacci level on the hourly timeframe suggests a potential reversal. Additionally, the RSI touching oversold territory hints at a new...
Gold prices rallied as traders pushed the market higher, rebounding from a slight dip the previous day. Despite concerns about geopolitical tensions in the Middle East, the precious metal remained within striking distance of a two-week high reached last Thursday. The US Dollar continued to weaken, influenced by declining US Treasury bond yields, which acted as a...
No doubt, it has took years to complete. Yet could took more in wait! We shall be seeing the silver to new highs very soon...
📈 Gold has finally broken its downward trend line and shown a strong growth! 🌟 🔮 Now we await a correction, which could happen around the key resistance zone of 2086 - 2094! 🛡️ This is the last major resistance for gold, and if it fails to surpass this level and confirms a downward move, I expect our short-term targets to be 2062 - 2040, and our mid-term target...
Last week we managed to win the gold market with my great analisys. Gold broke the 2030 zone and tested the upper resistance level 2040. Atm gold is respecting a bullish trendsupport. In my opinion gold is not done yet with the bullish momentum. I am expecting gold either to break 2040's direct or fall back to around 2030 or the trendsupport and search for higher...
✅GOLD will be retesting a resistance level of 2088$ soon From where I am expecting a bearish reaction With the price going down but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
After a particularly frustrating week marked by the OANDA:XAUUSD price fluctuating within a tight range of around 100 pips, the price finally broke above the 2040 resistance level. At this juncture, bulls have taken control and are likely to maintain dominance as long as the price remains above yesterday's low. The initial target for this upward movement is the...
Hey Everyone, ]This is our 4H chart idea from Sunday also played out perfectly smashing all our Bullish targets with our final bullish target at 2080 now complete!!!!! BULLISH TARGET 2042 - DONE EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET 2042 - DONE 2052 - DONE EMA5 CROSS AND LOCK ABOVE 2052 WILL OPEN THE FOLLOWING BULLISH...